Poor export sales continue. Good rains ahead of reproduction ahead. June 29, 2023
Corn continues to remove risk premiums with a clearly changed weather forecast. December filled the well-known downside gap that was left on the run higher in prior weeks. Concerning, after the gap fill the market just kept on selling. Today's close was the lowest since May 31. Directly ahead we have two USDA reports, weather forecasts that are changing more actively, the government's revised forecast for July, First Notice Day for July futures then a July 4 holiday.
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